Cash Investment Center: Rates and Tiers

Cash Sweep Program

Cash Sweep Program pays interest at specific rates based on the tiers below, which yields a blended rate over the entire balance.

As of April 18, 2023
Tier Rate APY
$0–$24,999 0.46% 0.47%
$25,000–$74,999 0.47% 0.47%
$75,000–$99,999 0.48% 0.48%
$100,000–$249,999 0.49% 0.49%
$250,000–$499,999 0.49% 0.49%
$500,000–$1,999,999 0.50% 0.50%
$2,000,000+ 1.16% 1.17%

You will be paid in accordance with the rates published above, which are effective as of the date stated on the website.

Rates are variable and may change at any time. Each day, we calculate the interest on your cash and add it to your account monthly. We round the daily interest amount to the nearest $0.01. If your daily interest is less than $0.005, then you may not be paid any interest on that day.

As of April 18, 2023
Examples Blended Rate APY
$8,000 0.46% 0.47%
$45,000 0.47% 0.47%
$75,000 0.47% 0.47%
$200,000 0.48% 0.48%
$400,000 0.48% 0.49%
$750,000 0.49% 0.49%
$1,500,000 0.50% 0.50%
$3,000,000 0.72% 0.72%
$6,000,000 0.94% 0.94%

To help you get a higher interest rate, we combine the Cash Sweep Program funds of all your accounts into one large fund. If you have $10,000 in cash in an individual, retirement, and joint account, we deposit your money as $30,000, rather than three smaller deposits of $10,000. This allows you to reach a higher tier and earn more interest.

FDIC CASH PLUS

An FDIC-insured enhanced-yield deposit designed to provide income on larger cash deposits, safety of capital and next-day access to funds.

As of April 18, 2023
Amount Invested Rate APY
$0-$24,999 0.00% 0.00%
$25,000-$49,999 0.93% 0.93%
$50,000-$99,999 1.63% 1.64%
$100,000-$249,999 2.32% 2.35%
$250,000-$499,999 3.02% 3.07%
$500,000-$999,999 3.49% 3.55%
$1,000,000+ 3.49% 3.55%

Interest rates are based on how much cash you deposit using FDIC CASH PLUS. Rates are variable and may change at any time. Each day, we calculate the interest on your cash and add it to your account monthly. We round the daily interest amount to the nearest $0.01. If your daily interest is less than $0.005, then you may not be paid any interest on that day.

Important Notes

FDIC CASH

The FDIC CASH deposit earns interest at a flat rate on the applicable balance.

As of April 18, 2023
Rate APY
0.46% 0.47%

Important Notes — FDIC CASH